Caiterra International Energy Corporation (TSXV:CTI) announced a brokered private placement of up to 17,500,000 common shares at CAD 0.20 per share and up to 6,000,000 flow-through common shares at CAD 0.25 per flow through common share for gross proceeds of up to CAD 5,000,000 on December 12, 2014. The common shares and the flow through shares issuable pursuant to the transaction will be subject to a four month hold period under applicable Canadian securities laws. The company will pay finder's fees of up to CAD 350,000, representing up to 7% of the gross proceeds.

On December 17, 2014, the company announced that it has issued 2,000,000 flow-through shares for CAD 500,000 in first tranche. The transaction has received conditional approval from the TSX Venture Exchange.

On December 29, 2014, the company announced that it has issued 300,000 flow-through shares for CAD 75,000 in second tranche. The company has received CAD 575,000 in funding so far.